Santos recently stated revenues from their Australian gas...

Santos recently stated revenues from their Australian gas operations have increased to $3.70 per MM cfpd.

GOG can't expect that from their nett 4 MMcfpd Smegsy Block JV or their recent Middleton gas discovery-because Santos own most of the supply network, but in view of these recent comments from Santos, investors may be able to attribute a higher gross revenue to GOG of say $2.20 MM cfpd.

Middleton revenues are still at least 6 months ago (requires another Santos deal and connecting pipe)-but investors look to short term future revenues/profits to determine the worth of a company.

With their 100% farm-in agreements, every time thay undertake a drill, GOG would generate $8 million - $ 10 million surplus cash.

Should that estimate be correct-a share price of 55 cents, which means a cap of $60 million, would more than be justified. In